Interest Rates To Be Applied In Rediscount And Advance Transactions Were Determined. 02 January 2023
On 31 December 2022, new rates were announced by the Central Bank of the Republic of Turkey with the Communiqué on Determination of Interest Rates to be applied in Rediscount and Advance Transactions in the Official Gazette numbered 32060.
Accordingly, the interest rate to be applied to "rediscount transactions" against bills with a maximum of 3 months to maturity has been set at 9,75 per cent per annum.
The interest rate to be applied in advance transactions is set at 10,75 per cent per annum.
The determined rates have entered into force as of their publication in the Official Gazette.
Changes in the interest rates accordingly to the years can be monitored from the link below.
With our respects,
Focus On Digital And Green Transformation: Türkiye's Medium - Term Program Published.
The Medium-Term Program (2024-2026), prepared by the Ministry of Treasury and Finance and the Presidency of Strategy and Budget, was approved and published in Official Gazette No. 32301 dated September 6th, 2023.
New Regulations Are On The Way
Some amendments were made to the Regulation on the Trade of Second Hand Motor Land Vehicles ("Regulation") and published in the Official Gazette dated 31 August 2023.
Auction Sale Of The Unsafe Buildings: What Are The New Regulations?
Pursuant to Law No. 6306 on the Transformation of Areas under Disaster Risk (known in practice as the "Urban Transformation Law"), the identification of unsafe buildings, unsafe areas and reserve building areas, the demolition of unsafe buildings, the planning to be made, the determination of the value of the immovables to be subject to transformation, Article 15/A titled "Sale Procedure by Auction" of the Implementation Regulation of the Law No. 6306, which was put into force to determine the procedures and principles regarding the agreements to be made with the beneficiaries and the aids to be provided, the buildings to be rebuilt and other applications within the scope of the Law No. 6306, has been amended.
The Personel Data Protection Board's ("Board") Decision No. 2023/692 ("Decision") On A Private Healtcare Organization Was Published On The Authority's Website
In the notification petition submitted to the Institution in the specific case, in summary; it is stated that during the filling of the form to make an appointment on the website of the health institution (data controller), it is obligatory to give consent to the processing of the data of the applicants in order to be informed about the services and announcements of the health institution and to contact people for this purpose, the appointment process is not completed unless the consent is given to the promotion box, and in this way, the service is conditioned on explicit consent by the data controller.
"Dangerous" Amendment On Social Media Video Content Producers
As it is known, in Article 3 of the Occupational Health and Safety Law No. 6331, the concept of "hazard class" is defined as "the hazard group determined for the workplace in terms of occupational health and safety, taking into account the nature of the work performed, the substances used or emerging at every stage of the work, work equipment, production methods and forms, working environment and conditions and other issues related to the workplace" and in Article 9 of the same law, it is regulated that the hazard classes of a workplace will be determined by the Ministry of Labour and Social Security, taking into account the actual work performed in the workplace.
he New Procedure For Attachment In The Residence And the Regulation on Excessive Attachment Entered Into Force.
On 05.04.2023, the Law on the Amendment of the Execution and Bankruptcy Law and Certain Laws entered into force after being published in the Official Gazette, and an article titled "Attachment in the Residence" was added to the Execution and Bankruptcy Law and it was regulated that attachment cannot be made in dwellings without a judge's decision.
What Are The New Legal Regulations On Victims Of Delayed Pension Age?
With the legal regulation dated 25.08.1999, the age requirement for retirement was introduced and retirement conditions were rearranged.
What Are The New Determinations Under Article 1530 Of The Turkish Commercial Code ?
In the Official Gazette numbered 32061 published on 02.01.2023, the Central Bank of the Republic of Turkey announced the Communiqué on the Default Interest Rate to be aplied for Late Payments in the Supply of Goods and Services and the Minimum Expense Amount that can be claimed for the Collection Costs of Receivables ("Communiqué").
Top 10 Deals Of The Year 2022
What Are Increasing Monetary Limits And Changing
1- Law On Consumer Protection Monetary Limits In The Regulation On Consumer Arbitration Committees Increased In the Official Gazette dated 16 December 2022 and numbered 32045; 68 of the Law on the Protection of the Consumer No. 502 and Article 6 of the Regulation on Consumer Arbitration Committees ("Communiqué") on Increasing the Monetary Limits has been published and entered into force.
Chain Stores in the Food Retail Sector Are Obliged to Share Data.
The Regulation on Amending the Regulation on the Principles and Rules to be Applied in Retail Trade (hereinafter referred to as "Regulation") has been published and entered into force.
Will "Obligation To Obtain And Submit A Surveyor's Report'' To Be Introduced In Real Estate Sales?
On 25 October 2022, the "Presidential Annual Program for 2023" (hereinafter referred to as the "Program") prepared by the Ministry of Treasury and Finance and the Presidency of Strategy and Budget with the Presidential Decree No. 6294 was announced in the Official Gazette repeating No. 31994.
What Are The Changes Introduced by the Decision Regarding The Determination Of The Companies Subject To Independent Audit?
As it is known, the independent audit, which is important in terms of informing both the public and the shareholders about the financial status of the company, is obligatory for companies to be determined by the President in accordance with the Turkish Commercial Code (TCC) No. 6102.
What Are The Provisions That Have Been Postdated In The Distance Contracts Regulation?
The "REGULATION ON AMENDING THE REGULATION ON THE REGULATION ON DISTANCE CONTRACTS" (Hereinafter referred to as "Regulation") was published in the Official Gazette dated 14 September 2022, and in accordance with this Regulation, the effective dates of some regulations made on August 23, 2022 have been amended.
Alterations in the Context of the Law on the Regulation of Electronic Commerce
In consequence of the amendments made in the Law No. 6563 ("Law") with the Law No. 7416 on the Amendment of the Law on the Regulation of Electronic Commerce, published in the Official Gazette dated 7 July 2022 and numbered 31889, numerous new legal regulations have been envisaged on issues such as the obligations of electronic commerce intermediary service providers ("Intermediary Service Providers") and electronic commerce service providers ("Service Providers"), the administrative fines foreseen in case of violation of these obligations, the electronic commerce license and the expansion of the powers of the Ministry of Commerce ("Ministry") in this area. In this article, the contents of the provisions of the relevant Law will be cited and the date of entry into force will be explained as a consequence of the new regulations envisaged.